Bitcoin Slumps Below $80,000 As Crypto Rout Wipes Nearly All Post-Election Gains
- Bitcoin dropped below $80,000, its lowest level since November, due to broader market concerns about trade tensions and disappointing earnings.
- The price of Bitcoin fell more than 27% from its all-time high of $109,114 on January 20.
- Ether, XRP, BNB, and SOL also experienced significant declines, reflecting a wider cryptocurrency market selloff.
- Market volatility increased due to concerns related to trade tariffs and disappointing earnings, affecting both equities and cryptocurrencies.
63 Articles
63 Articles
Benzinga Bulls And Bears: Joby Aviation, Nvidia, Tesla — And Bitcoin Drops Below $80,000 Benzinga Bulls And Bears: Joby Aviation, Nvidia, Tesla — And Bitcoin Drops Below $80,000 - Apple (NASDAQ:AAPL)
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories. This week, global markets experienced significant volatility due to escalating trade tensions and disappointing tech earnings. President Trump's announcement of impending tariffs on imports from Canada, Mexico, and China led to a broad selloff in equities, with the S&P 500 erasing its gains for the year. Technology s…
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